US EditionTesla poised to be early winner as Canada opens door to Chinese-made EVs
Canada's tariff cut allows 49,000 Chinese electric vehicles yearly with half reserved for under $35,000 models, aiming to expand market access and test demand, officials said.
- Canada announced it will allow 49,000 China-made EVs annually with a 6.1 per cent tariff, benefiting Tesla and Chinese automakers, according to Ottawa.
- Reversing 2024 tariffs, Ottawa ends 100 per cent tariffs to test demand and let Chinese carmakers explore Canada’s sizable Chinese-Canadian population market.
- Tesla is poised to benefit, but half of the quota is reserved for vehicles under $35,000 while Tesla model prices exceed that threshold, limiting immediate gains despite its 39 stores and four core models in Canada.
- The move was criticized by some officials, while Sam Fiorani said, 'This new agreement could allow resumption of those exports rather quickly.'
- Looking ahead, Ottawa expects the quota to reach 70,000 vehicles within five years and plans joint ventures and investments with Chinese companies over the next three years.
29 Articles
29 Articles
China-made EVs could get a boost in Canada and Europe
Tesla and Volvo are poised to be early winners of Canada’s move to allow thousands of made-in-China EVs to enter the country at low tariff rates, analysts said.Those companies already hold North American certification, but a host of Chinese firms will look to follow closely.The rush for the Canadian market follows a landmark trade deal between Ottawa and Beijing that rankled Canadian auto executives.Chinese automakers are also eyeing a win in Eu…
Tesla seen as early winner as Canada reopens door to China-made EVs
Tesla seems poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made electric vehicles, following the removal of a 100% tariff that halted shipments last year. Thanks to Giga Shanghai’s capability to produce Canadian-spec vehicles, it might only be a matter of time before Tesla is able to export vehicles to Canada from China once more. Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 vehi…
Tesla poised to be early winner as Canada opens door to Chinese-made EVs
Tesla is poised to be one of the first automakers to benefit from Canada's move to remove 100% tariffs on Chinese-made EVs, thanks to its early efforts to ship cars from its Shanghai plant there and its established Canadian sales network, experts say.
Major tariff cut clears path for Chinese EVs in Canada
The tariff applied to Chinese-made electric cars in Canada will be heavily reduced to just 6.1 per cent to allow a wave of new manufacturers and more affordable vehicles, mirroring Australia and Europe. Image credit: Getty Images Canada has all but dropped hefty tariffs of more than 100 per cent on Chinese-made electric vehicles, opening the doors for models from the world’s largest car producer. Tariffs will not be completely scrapped, with th…
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